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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
UAC of Nigeria
UAC of Nigeria (UACN) investor relations material
UAC of Nigeria Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
9M revenue rose 227.7% YoY to N522,995,610 thousand; operating profit reached N59,534,865 thousand and PBT N37,690,502 thousand, with results including a full year of C.H.I. consolidation.
Q3 revenue increased 221.4% YoY to N158,025,465 thousand; PBT was N3.2bn versus a N703mn loss in Q3 2025.
Financial highlights
9M gross profit was N142,548,411 thousand, up from N39,371,970 thousand; gross margin expanded 258bps to 27.3%.
9M operating profit rose to N59,534,865 thousand from N13,417,065 thousand; EBIT margin increased 298bps to 11.4%.
9M profit for the period was N21,911,769 thousand; net profit attributable to equity holders was N21,121,432 thousand and basic EPS was 722 kobo versus 179 kobo.
Q3 net profit was N1,885,866 thousand versus a N1,976,132 thousand loss; basic EPS was 63 kobo versus a loss per share of 59 kobo.
Outlook and guidance
Focus remained on completing announced divestments, continued deleveraging and executing the value-creation plan.
Sale agreements for Livestock Feeds and DP World Logistics were subject to regulatory approval; DP World Logistics completion was expected within 12 months.
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Latest events from UAC of Nigeria
- Acquisition triples revenue, boosts scale, and prioritizes margin improvement and deleveraging.UACN
Investor update - Revenue up 57.5% to NGN 83.3bn, profit before tax NGN 15bn, strong growth across segments.UACNQ2 2024
- Revenue and profit more than doubled, driven by strong segment growth and margin expansion.UACNQ3 2024
- Revenue up 63% and operating profit up 780%, with broad-based segment growth despite inflation.UACNQ4 2024
- Revenue up 38% to ₦56.0bn; operating profit doubled; net profit down 44% to ₦3.3bn.UACNQ1 2025
- Revenue up 33% to ₦110.4bn, operating profit up 90%, driven by pricing and CHI acquisition.UACNQ2 2025
- Revenue up 19.8% to ₦159.6bn; Q3 profit fell on weak Animal Feeds, but CHI deal to boost growth.UACNQ3 2025
- Revenue up 74% and underlying PBT up 76%, but one-off costs weighed on profitability.UACNQ4 2025
- Revenue and profit tripled year-over-year, with strong cash flow, margin gains, and a higher share price.UACNQ2 2026
Next UAC of Nigeria earnings date
Q4 202631 Mar, 2027
UAC of Nigeria
Next UAC of Nigeria earnings date
Q4 202631 Mar, 2027
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